I guess you are more concerned about the drop than the 55c estimate. On 1st Aug management believed CE will be received within a month but market took no movement until approval landed price soared 30%, so as TGA rubber stamps. TK mentioned commercial deal within 0-6 month on the back of CE, in line with the expectation from creasphere program that’s how it went 100% up from 20c. Then we heard about some clients cannot sign the deal until FDA approved that’s part of the reason for retrace.
Siva answered about the first question also suggest you read the posts from Redbar about FDA valuation on efficacy, it’s timeline and CE for safety, that will help you to understand and feel differently to who have been dumping last few days.
rap chart, page-2075
Currently unlisted. Proposed listing date: 4 SEPTEMBER 2024 #